06-18-2013 12:15 PM - edited 06-18-2013 12:17 PM
So I just did an incredible amount of research on disputes because I just got some LP's removed this week.
If I'm not mistaken, if you dispute something and it is removed, you can ask the CRA to send the adjusted report to any company that has pulled your report in the last 6 months to check credit. If thats the case, you may can send your new report to Chase and do somehting like a recon. Contact the CRA's and check into having your report sent again after the lein is removed
06-18-2013 12:29 PM
06-18-2013 01:20 PM - edited 06-18-2013 01:21 PM
Wow! JGBishop! That's great news!
I will surely follow up on this!!!!!
06-18-2013 01:30 PM
Thanks for the info Lexie!
06-18-2013 03:10 PM
What is your current balances on your accounts??
06-18-2013 07:30 PM
Ideally, you want one card to report between 1 and 9 % utilization, with the rest reporting 0. Before you app for anything else, you definitely want to pay down the balances. That will give you time to let the tax lien come off all three reports - but before you do app, check all three reports to make sure it's gone. You asked about not using a card instead of closing it, but you want to occasionally use it or the company could shut it down for non-usage. One charge every five or six months will keep it active, so you can pay for gas with it or pay a bill with it or whatever to keep it open. As long as it doesn't have an annual fee, you might as well keep it open.
There is a lot of people on here with a lot of knowledge. Don't be afraid to ask questions as you prepare to app for new cards. Good luck!
06-18-2013 09:35 PM
06-19-2013 06:05 AM - edited 06-19-2013 06:11 AM
$1655 - Cap One (limit 2,000)
$1500 - Barclays (limit 1700)
I've been a high balance carrier during my entire credit history really. I always pay on time and over the minimum (even if just by a little)
I noticed on my credit report though, that it does not show the balances I carried when my Cap One Credit Card was $500.
I had a high balance, then made a large payment to bring it down to less than 20% since I was apartment shopping and then they upped my limit to $2,000.
06-19-2013 06:09 AM
The advice is much appreciated. I was looking for exactly this kind of information.
To make sure I understand what you are describing:
Of my two credit cards Barclays ($1700 cl) and Capital One ($2000cl) with Barclays interest rate bneing higher, I should pay off my Barclays card and use it once every 5-6 months, then keep about $180 owed on my Capital One?
I want to be sure I understand what you mean by utilization. Does that mean I am constantly using $180 and paying it off or is that $180 balance left on the card monthly?
06-19-2013 06:10 AM - edited 06-19-2013 06:11 AM
Are you allowed to have more than one credit card with the same branch?
I already have a Capital One card so I could pay down and then request an CLI with them instead of a new card with them, although the mileage card from all the commercials is obviously very desirable.